Schroders buys Indian asset management business
Asset manager Schroders has said its wholly-owned subsidiary, Schroder Singapore, has completed the acquisition of 25 per cent of the share capital of Axis Asset Management Company, the Indian asset management business of Axis Bank.
Asset manager Schroders has said its wholly-owned subsidiary, Schroder Singapore, has completed the acquisition of 25 per cent of the share capital of Axis Asset Management Company, the Indian asset management business of Axis Bank.
The transaction was made to enable Schroders to participate in the growth opportunity represented by the Indian unit trust market through a strategic relationship with a leading private sector bank.
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